John Maynard Keynes

Posts About

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  Let's Move Past the Hayek-Keynes Debate

  The debate between Hayek and Keynes on the question of depressions still looms large in the economics profession, at least in the way it’s taught and communicated, and – in some corners – still in the way it’s conducted. Formative as that debate was, being several decades prior to the . . .
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  Against Savings: A Suggested Exposition of the Markets for Money and Credit

  The notion of savings in economics has a variety of mutually incompatible meanings. This paper goes through these various meanings and argues that, for the sake of clarity, it can and should be replaced with more precise terms. The paper then offers an “augmented” loanable funds model. Unlike the standard . . .